If you are serious about watching the pulse of the local market, I would suggest attending the upcoming Real Estate Forum. One of the speakers will be Texas A&M Real Estate Center’s Chief Economist, Dr. Mark Dotzour. A&M tends to publish the most in depth analysis of our market, so I tend to listen to what they have to say. Dotzour says he is not looking for a near term rebound on the hard hit areas, but he said he is “kind of hoping the government bailout works”.
I think we are all kind of hoping that it works. In fact, it better work, or we will surely be facing extreme inflation. Agents from the 80’s can tell you that high interest rates are no good for business. The plus side for property owners would be that your debt load in real dollar terms would actually shrink. When any Chief Economist says he is “kind of hoping” a bailout works it just doesn’t look good.
Still the forum will have several other speakers including one from the FW Association of REALTORS, to talk about legislation. John Duca from the Fed in Dallas should have some interesting view points on the economy.
The Forum is tomorrow, April 17th, at the Fort Worth Convention Center in rooms 201A and B. Show gets started at 7 a.m. and will end at 10:30 a.m.
